Juggling multiple debts can be difficult, but a debt consolidation credit loan can help you get your finances back on track.Debt consolidation involves taking out one secured loan to pay off several existing debts. This can help reduce your monthly outgoings as well as simplifying your repayments.Even if you have credit problems, a loan that suits your circumstances can be found. In fact, successfully paying off your debts can go some way to repairing your credit rating, so a debt consolidation loan with low repayments can help you sort your finances.The easiest way to find a consolidation loan company is to employ a broker to search the market for you.They will take the legwork out of finding a loan by comparing hundreds of lenders. The broker will compare:o Interest rates.o Terms and conditions.o Arrangement fees and other charges.o Repayment terms.This will help you find the consolidation loan company that offers the right deal for you.A secured debt consolidation credit loan will generally have much lower repayments than unsecured loans, as the naming of collateral means the risk to the lender is reduced. They in turn will reduce interest rates.Consolidation credit loans will also reduce your outgoings by replacing several debts with one payment.If you have credit problems, loans for debt consolidation are still available. In fact, there are many lenders who will pay out even if you have:o A poor credit rating.o CCJs.o Mortgage arrears.o Defaults on previous loans.By borrowing from a debt consolidation loan company, you can cut your monthly outgoings dramatically – saving you money and getting your finances back on track.